Housing market eases up

The housing market saw high interest rates and inflation in 2022, but things are starting to look up, as supply chains ease, prices moderate and new home construction ramps up. Housing prices edged up a slight 0.5% from March to April, according to the S&P CoreLogic Case-Shiller Index, still roughly 1.8% below their June 2022 peak. Still, economists say the U.S. has a long way to go to tackle its stubborn housing shortage, estimating that 1.5 to 5 million homes are needed to fill the gap.


By Tiffany Moustakas, Editor at LinkedIn News

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Inflation eases but Fed can’t conquer housing prices

As the Biden administration cheers signs that price rises across the economy have started to cool, homeownership remains out of reach for many first-time buyers.

A Sold notice is shown over a real estate sign in front of homes.
The single biggest component of the Consumer Price Index — housing costs — continues to be the main driver of inflation, rising twice as fast as everything else. | Jeff Chiu/AP Photo

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